SEBI Signals Openness to Crypto Rules as RBI Warns of Financial Risks
India’s market regulator shows willingness to regulate cryptocurrencies, while the central bank maintains concerns over potential threats to financial stability, according to Reuters.
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Terms & Concepts
SEBI: The Securities and Exchange Board of India, the country’s market regulator, responsible for supervising and regulating the securities market.
RBI: The Reserve Bank of India, the nation’s central bank, which manages monetary policy and regulates financial institutions.
Crypto Regulation: A framework of laws and guidelines governing the use, trading, and management of cryptocurrencies and related digital assets.